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Sunday, 13 July 2014 - 9:32
Merger between US affiliates Sprint and T-Mobile
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Japan's SoftBank and Deutsche Telekom of Germany have reached a basic agreement for a merger between their US affiliates Sprint and T-Mobile US.

Eight financial institutions, including Japan's top three megabanks Mizuho, Mitsubishi UFJ and Sumitomo Mitsui, will provide a credit line of around 39 billion Dollars for SoftBank's purchase of T-Mobile.

The combined customer base of Sprint, ranked third among US mobile phone firms, and fourth-ranked T-Mobile roughly equals those of the sector's two leaders -- top-ranked Verizon Wireless and AT&T.

 
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